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by trashtester
1462 days ago
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If you look into the details of a hyper-inflation environment (such as Germany in 1922-23), labor tends to retain its value pretty well under such conditions. Laborers would re-negotiate their salary every morning, and tended to do pretty well. Bank deposits go to 0 though, as would most savings that did not grant control of some inflation-resistent revenue-flow. Anyway, true hyperinflation is extremely rare. The most recent case I'm aware of, was Venezuela around 2013. To my knowledge, 0% of the pupulation lives under true hyperinflation today. |
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